Ethereum-Based Swell Imports Wrapped Bitcoin to Serve as Liquid Restaking Token

Users can deposit their wBTC to get swBTC in return, with yield expected to start flowing from mid-September – as part of a blockchain "restaking" scheme ultimately designed to secure protocols in the Ethereum blockchain ecosystem. source: https://www.coindesk.com/tech/2024/08/14/ethereum-based-swell-imports-wrapped-bitcoin-to-serve-as-liquid-restaking-token/?utm_medium=referral&utm_source=rss&utm_campaign=headlines